Bonds
Retail Bonds
On 13 May 2022 Channel Infrastructure’s offer of 5-year unsecured, unsubordinated, fixed rate bonds closed.
Channel Infrastructure confirmed that $100 million of bonds have been allocated to participants (and their clients) in the bookbuild process under the offer.
The Bonds will be issued on 20 May 2022. The Bonds are expected to be quoted on the NZX Debt Market under the ticker code CHI020.
- PDS Lodgement Announcement (pdf - 121 KB)
- Product Disclosure Statement (pdf - 791 KB)
- Investor Presentation (pdf - 2 MB)
- Shareholder Letter (pdf - 124 KB)
- Noteholder Letter (pdf - 124 KB)
- Final Terms Sheet (pdf - 337 KB)
- Indicative Issue Margin announcement (pdf - 114 KB)
- Final Interest Rate announcement (pdf - 113 KB)
- Offer Close announcement (pdf - 114 KB)
Interest Rate
5.8%Maturing on 20 May 2027
Subordinated Notes
In December 2018 the Company issued $75 million of unsecured and subordinated notes with a maturity date March 2034.
The subordinated notes pay a fixed rate of 5.1% until the first election date being 1 March 2024. On the election date, the Company has the right to either redeem the subordinated notes, or to run an election process and offer new conditions.
- Notice of Allotment of Unsecured Subordinated Notes (pdf - 420 KB)
- Final Terms Sheet (pdf - 169 KB)
- Initial Interest Rate (pdf - 185 KB)
- Indicative Issue Margin (pdf - 246 KB)
- PDS Lodgement Announcement (pdf - 247 KB)
- Product Disclosure Statement (pdf - 646 KB)
- Investor Presentation (pdf - 4 MB)
- Letter to Shareholders (pdf - 137 KB)
Interest Rate
5.1%Paid until 1 March 2034, unless redeemed earlier.
